What If I tell you if the major shareholder intends to distribute the money and call it a day? speculation or fact? Let's wait and see. If you have followed my post on Weida previously, you will know what I am trying to imply now.

Weida's Net Assets will increase from the current RM1.60 to RM2.56 after the disposal.

3.1.3 Basis of arriving at the Indicative BSV Disposal Consideration
The Indicative BSV Disposal Consideration of RM212,504,000 was arrived at on a willing buyer-willing seller basis based on the adjusted unaudited NA as at 31 August 2012 of BSV after taking into consideration the market value of the BSV Lands of RM315,216,924 as appraised by WTW.
The market value of the BSV Lands was derived using the ‘Investment (Discounted Cash Flow) Method’ of valuation via WTW’s Valuation Certificate, based on the material date of valuation of 30 August 2012 (“Valuation Certificate”).

Earnings and earnings per share
The realised gains arising from the Proposed Disposals will depend on the respective NA of BSV and MWM at the time of completion of the Proposed Disposals.
Based on the Indicative Disposal Considerations, the Weida Group is expected to realise a net gain on disposal of approximately RM121.15 million(1) based on the latest audited financial statements of the Weida Group for the FYE 31 March 2012, assuming that the Proposed Disposals had been effected in the FYE 31 March 2012. The net gain represents a net income per share of approximately RM0.95 per Weida ordinary share of RM0.50 each.
Strictly for illustrative purposes only, the Weida Group is also expected to enjoy interest savings of approximately RM4.38 million per annum after repayment of bank borrowings from the Proposed Disposals proceeds as well as interest savings from the de-consolidation of the bank borrowings of BSV as detailed in Note (1) of Section 5 of this announcement.
Upon completion of the Proposed Disposals, BSV and MWM will cease to contribute to the future earnings of the Weida Group. Nonetheless, BSV and MWM have been incurring operating losses since BSV and MWM became the subsidiaries of Weida. Although BSV and MWM recorded profits after taxation for the FYE 31 March 2012, the aggregate contribution of BSV and MWM to the Weida Group’s net profit based on its latest audited financial statements for the FYE 31 March 2012 were insignificant.

What if Weida managed to sell the plantation at RM20,500 per hektar just like what the news mentioned in the Business Times today as Weida also has 6,500 oil plam hektar estate in Bintulu?

TH Plantations plans Sarawak acquisitions

By Ooi Tee Ching Published: 2012/10/25

RM200m DEAL: 6,500ha oil palm estate and quarry in Bintulu




TH PLANTATIONS Bhd is set to buy 6,500ha of oil palm estate and a quarry in Sarawak for more than RM200 million.

"It's a brownfield block in Bintulu, away from native customary land. The oil palms are young, between two and five years old," a source said.

"It's going for RM20,500 per hectare. It is at a slight premium because this Bintulu estate includes a quarry mine, separately priced at around RM70 million. It has income-generating rock reserves of up to 30 years," the source told Business Times.

"Currently, TH Plantations landbank is about 45,000ha. If you count the 46,000ha block of estates to be transferred from parent company Lembaga Tabung Haji and this Bintulu estate, it will come up to around 100,000ha," the source said.


Five months ago, TH Plantations told the stock exchange that itwanted to buy 45,738ha of agricul-ture landbank from its parent company Lembaga Tabung Haji for RM536 million.

The acquisition is to be satisfied via the issuance of 209.23 million new THP shares at an issue price of RM2.56 per share. If the deal goes through, TH Plantations' agriculture landbank would double from the current 44,933ha to 90,671ha.

The deal to double TH Plantations' landbank hit a snag last week when Sabah Forestry Department rejected the execution of the teak and rubber plantation development agreement with TH-Bonggaya.



Read more: TH Plantations plans Sarawak acquisitions http://www.btimes.com.my/Current_News/BTIMES/articles/thp25/Article/index_html#ixzz2AHEFZByl

KC Chong, you are absolutely right. Btw, I just riding on the oil and gas boom and Perisai only forms about 10% of my portfolio. My average cost is RM0.80 and I shall see how it goes.

and it is always not easy to find the value. Once you find it. Have faith and keep it.

ChongKongHui, why only 20% person making huge profit in the market? because he can see the value of what remaining 80% cannot see. Very simple.

David Raja, there are always investors and punters. Investors look at value, punters look at price. There are no right or wrong. For punters RM1.00 is expensive but RM 0.20 is cheap and vice versa for Investors.

You are right that one should do their homework because no one owed us a living but we ourselves. Win or lose one should take their own resposibility.

Regarding Kfima, I am not aiming for few cents profit because I see the potiental of this stock which is dirt cheap at this level. You can see the performance of the stocks that I posted here before like WEIDA, ZHULIAN, PERISAI.
There are giving me very handsome profit. Even Kfima I am still sitting at very good profit. For the Kfima's dividend that I am going to receive on Monday, I will reinvest on this stock. The reason why I am so bullish, allow me to keep some secret here.

Public Investment Bank will come up with a list soon...

Which stocks do you have in mind potential for privatisation, take-overs and merger?

On that note, a survey conducted by Ernst & Young indicate Malaysian companies being significantly more confident about prospects in the local market now than they were at the beginning of the year, with 42% of respondents expecting to seek acquisition opportunities in order to improve profitability and have access to new markets. We anticipate a pick-up in mergers, take-overs and in other instances, privatizations in the coming year, potentially providing a lift and rerating catalyst to significantly undervalued companies in the local bourse. Watch this space!

Source: PublicInvest Research - 18 Oct 2012

Aim high Fandi. As long as we hold undervalued and good fundamental stocks. You will replace your kapcai with Toyota Camry soon.

100% sure.

Fandi,If you sell Zhulian at this price, you can upgrade your kapchai to Toyota Camry alredi. ha ha

After looking at SAAG, I realise that my principle of holding CASH RICH company like ZHULIAN and KFIMA will never go wrong what's more they are still in the growing path. Now I am a bit cautious on WEIDA and PERISAI although they are still doing very well.

Fandi,Zhulain result to be released any time. I think they can maintain good result with another interim 3 sen dividend announcment.

KongHui, have faith in your stock pick because the fundamental is very very strong. Just with a little bit of patience you will be greatly rewarded. Trust me.

Very Good news for KFIMA indeed.

Bulking business which contributed 20% PBT will be benefited from the discontinue of a tax free shipment quota as this will encourage the rise in handling and storage of edible oil and oleo chemical products.


KUALA LUMPUR, Oct 4 (Reuters) - Malaysia will cut crude palm oil (CPO) export taxes and discontinue a tax free shipment quota for the grade from Jan 1 2013, a government minister said on Friday, as the world's No.2 producer seeks to snatch back market share from top producer Indonesia.

"The implementation of reduced export duty on CPO will also allow the refineries in Malaysia to market their products at competitive prices to the global markets," Commodities Minister Benard Dompok said in a statement.

"In tandem with reduced CPO export duty, the government will discontinue with the duty free CPO export facility beginning 1 January 2013," he said after Malaysia's cabinet met earlier in the day to discuss measures to support the palm oil sector.

Dompok did not disclose the quantum of the cut in crude palm oil export taxes from the current 23 percent duty. (Reporting by Niluksi Koswanage; Editing by Yantoultra Ngui)

We all know that KFIMA's stock price will not hovering at this level for long so why should you worry? Right?

Fandi, you monitoring company too tight. I am aiming for 30% return for this counter.

Fadhlullah, sorry I do not have any tips to shares.
Tuniamasingh, I am just an investor.
Why Weida, Perisai and Zhulian is doing very well? because Perisai and Zhulian are mostly in the hands of the institutional investors that are going long on the stock.

Should we all avoid plantation counters? Yes for short term. For long term you cannot avoid plantation counters because palm oil is a necessities. Bear in mind that cost per tonne for the listed plantation company is RM1,400 per tonne while CPO price is trading at RM2,400. So given another 30% drop in CPO price from the current price the company is still making good money.

If you have patience, you will be greatly rewarded. I have not disposed one even the stock hit 2.50 previously. 40 sen profit is too little for me. I am aiming RM1.00 profit. Am I crazy? let's wait and see.

yes Fandi. Hope you have make good money on this stock.

JTPC2006, trust me once they shake out weak holder, Kfima will come back. Just look at Weida. They pushed down the stock to 1.38 and now no more seller.

Fandi,Tuniamasingh and Fadhlullah
Always buy fundamental stock and have patience with it.
100% sure win.
Kfima when. I really dun know. Can I strike 4 upon 4 ?
100% sure. Let's wait and see.

Yes Tony Lim,you are right. Choice is in your hand. Stock market is all about how you see the value of the company.

JTPC2006, thanks for your kind words. Yes, For Kfima I am going for long term since the fundamental and the catalyst for merger and some corporate exercise is pending. Now the ball is on the management's court.

JTPC2006, patience is the key and surely you will be rewarded.

Tuniamasingh, thanks a lot for the info. Very informative for investment decision. I was there also. public investment bank and may bank are eyeing for the merger deal. Let's wait for the management final decision. You are right, Tun. I think the management are too conservative until their decision making are too slow. they should be more aggressive and investor friendly . Make the shares more liquid ad reward the long term shareholders.

I think I have to come back and clarify when KC Loh and Fandi drag me into their war path that really amused me.

Firstly, I am definetly not from BIMB. Am I not qualified to come from CIMB or Maybank just because judging that Najib is a Malay so that he must be from some Islamic bank? Anyway, good guess KC. But dun bring in racial slurr here. You know why, I am a GHOST BUSTER.

Fandi, I am not GOD and some of my prediction may gone wrong. Anyway, if you are holding on fundamental stocks the have faith on the stock and never ever swayed by the noise. HAVE BETTER EQ.

For those KFima, I am not an insider and definetly bukan Hantu as claimed by a master here.

Just ask yourself is KFIMA fully valued when the company is holding cash per share of RM1.00, P/E 7, EPS 31.20 and the company still record EPS for 1st quarter of 7.80(annualise 31.20) when the CPO price is at the bottom for last quarter? With QE 3 now, do you think CPO price will stand at current level?

Why worry about Election and compare with 2008 when the market was bearish during that time as opposed to bullish sentiment.

Our big TAIKOR NAJIB RAZAK will come out with more measures to stimulate the economy. Dun tell me you do not know why.

STICK TO A FUNDAMENTAL STOCK and YOU WILL BE REWARDED HANDSOMELY.

Fandi, this will be my last posting here. I am very sad to see this forum has beocme a place for speculator. Too many speculating here until a good stock like Kfima can be treated like a bad apple here. People just want tips, tips and tips and they have forget abot the real meaning of fundamental. When they like the stock, they will come out with their own interpretation and will twist the facts about the company. The worst still is they would throw all racist remarks here that I cannot tolerant.

Sorry for all my grumbling.

Good Luck and wish you all the best.

More announcement in the pipeline staytune

Fandi and KC Loh, you all will be laughing all the way to the bank next week. If not, I will dissapear from this forum. Anyway who cares? As long as we have made money and enjoy the excitement here.

If people can compare a RM260 million net cash company with Sumatec and Petra which has long been famous with high gearing, then you must trust that person words because they have made the wise comparison.

yes Kfima is a very BAD company with P/E trading at lowly 7 and the managemnet is so BAD that they have left behind RM260 million in the company's coffer. Yes, the company will record more and more bad result from current quarters to future quarters.

QUICK SOLD ALL YOUR KFIMA !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

look at Kfima Result it is very godd indeed

EPS 7.80 this quarter annualise = 31. 2 sen

NTA 2.17, Net Cash 260 million

and it is trading at very cheap P/E 7

KC for (1) & (2) confirmed is correct since Fima Corp is Kfima's subsidiary. (3) and (4) is my prediction. This quarter result should be worst than last year same quarter but should be flat against last quarter this year.

EPs should be around 6 sen for this quarter. NTA will increase to 2.15 and Net Cash will be around 260 million.

my prediction for Kfiam result tonite:-

profit Before Tax:

(1) Manufacturing RM15.2 million

(2) Plantation RM7.2 million

(3) Bulking RM8 million

(4) Foods 4 million

Total RM34 million before MI.

EPS 6 sen per quarter or 24 sen per share per year.

(1) & (2) contributed by Fima Corp EPS 22 sen per share per quarter annualise 88 sen. Fima corp reoprted the result last night.

Sold my bonia at 2.64 and. Buy Kfima at 2.17.

KC loh is perfectly correct CPo price now is 3,100.

Plantations company announced last quarter result it is well known fact that last quarter result most plantation companies recorded reduced profit but still a good profit. Do not forget that cost per tonne for most of the plantation company is RM1,500 per tonne, eevn the selling price of CPO dops to 2,500, the company still record good profit.

Stock market is about future!!!!!!!!!

Hi all, allow to clarify here.
Actually Kfima is not a pure plantation company. Palm oil business only contributes about 33 % of the total profit for Kfima. What I wish to highlight here is that the average age for her palm oil is 7 only years old whuch is relatively young at this moment. Thr palm oil division will start generating huge income in few years time. Actually most plantation company has started reporting decline profit for 31/03/2012 reporting business but Kumpulan Fima and Fima Corp remained unscathed.

In fact, bulking, security printing and now food business especially tune business are doing well and contributing about 67% of the total profit forKfima. Not many propel know that Kumupulan Fima's subsidiary Percetakan Keselamatan Nasional is actually appointed sole agent printing "money note" for Malaysia government and also confidential documents. What excite me is that Malaysia governemnt will come out with the 4 generation Ringgit note and that will certainly boosting the bottom line of the company

I am concerned about the fundamental of one company rather than short term volatility of a stock price. When PNB selling Bonia's shares I advocate to buy. Why? because I alredi done my homework and nothing else. I am not smarter than the chaps working in PNB but I can safely say that I am 100% hardworking than them.

No problem. NT, I will be attending Kfima AGM next month hope to meet you there and later we go for makan.

Very strong support at 2.28. Fandi now is a share expert here. Know to enter when is the best time.

You are welcome Fandi. In fact I am still holding on Bonia.

Fandi,you kayalah.

NT, if it materialise, WEIDA should trade around 1.60 which is about NTA 1.60.

Fandi,

Last year EPS for Weida is 19 sen vs 17.01 sen (2010).

The share price at 1.40 is trading at p/e 7.5 which is relatively cheap.

They are going to announce 1st quarter result 2012 very soon. Last year the company recorded RM2 million profit in the same corresponding period. If the company can record net profit RM8 million this time, this will be 4 fold profit increase if compare with last year.

Dividend wise, they have announced 4 sen per share =RM40/1400=2.8%. and it si lower than FD.

Fandi,janganlah merajuk.

Anyway you can always monitor the counter. Results does not lie.

Fandi, no point to engage any war path with anyone here. Not worthy. We are here to make money by investing in good stocks,. The rest is not important.

Ha ha better do your homework first before trusting Najib Zamry too.

CP heard that few big boy has approached Weida's big boss to buy over the plantation unit and the negotiation is still on going. If this news materialise, it should provide good catalyst to the stock that means Weida will beocme net cash company. Do not forfet that Weida still has core business. So the valuation of the company should be higher than the NTA of 1.60+. Operating wise, we shall know the result shich is going to be released soon.

CP heard that few big boy has approached Weida's big boss to buy over the plantation unit and the negotiation is still on going. If this news materialise, it should provide good catalyst to the stock that means Weida will beocme net cash company. Do not forfet that Weida still has core business. So the valuation of the company should be higher than the NTA of 1.60+. Operating wise, we shall know the result shich is going to be released soon.

You are right KC. Felda's management still in the cloud nine after the listing. For me, only earnings can support the share price and good earnings can only come if they have good management.

Lim,I just read the news of Felda wants to buy big stake in Sarawak Plantation. May be they should look at WEIDA'S plantation in Sarawak as well. Very young age and should be contribute positively to Weida's earning in a few years time. In fact Weida's plantation value alone is higher than her market capitalisation. What i dislike the company is the high gearing.

If you have patient... Weida would be the next star